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Morning Report: Puppet, a DevOps automation platform, has raised a $42 million Series F led by Cisco.

IT automation software company Puppet has raised in a late-stage round led by Cisco. Other participants included , along with previous investors , , and .

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The Portland, Oregon-based company was founded in 2005 and aims to use its software to allow companies to better manage their operating infrastructure and automate application deployments. With Puppet, companies can design apps and infrastructure, and share, test and deploy platform changes while increasing infrastructure and data visualization.

Prior to this capital infusion, the company raised from in January 2016. With this new round, its known aggregate venture funds raised has reached $127.5 million, . Though the company has not released information regarding its current valuation, TechCrunch that it has reached 鈥渟ignificantly more than $700 million, and may well be approaching the $1 billion-mark.鈥�

With that funding, the company has expanded in the U.S. It is also adding five new offices in Seattle, Sydney, Timisoara, Singapore, and Tokyo, where it says a partnership with Singapore-based EDBI will serve its goals in Asia.

Separately, Puppet made two acquisitions in the past year, including its of data visualization service earlier this month, according to its .

The company boasts that it has brought more than 40,000 companies on its platform and has five new products in the last year. According to Crunchbase, Puppet鈥檚 main competitors include , an operations and infrastructure automation platform which has raised $105 million for its own efforts from investors like , , and . The flow of capital from VCs and corporate investors in the space points to the interest in building smart, automated technologies that can better serve the growing magnitude of operations that tech companies manage and deploy.

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